Finalisation announcement Brait SE (Registered in Malta as a European Company) (Registration No.SE1) Share code: BAT ISIN: LU0011857645 Share Code: BATP ISIN: MT0000680208 ("Brait" or "the Company") FINALISATION ANNOUNCEMENT Further to the Extraordinary General Meeting results announcement released on the website of the Luxembourg Stock Exchange and on the Stock Exchange News Service of the JSE Limited on 27 January 2015, Brait shareholders are advised that all conditions precedent to the disposal of Brait's effective 37.06% interest in Pepkor Holdings Proprietary Limited to Steinhoff International Holdings Limited ("Steinhoff") have been fulfilled. The effective date of the transaction was Monday, 30 March 2015. Brait received a total disposal consideration comprising of 200 million Steinhoff ordinary shares and R15,086 million in cash (which includes the purchase price escalation calculated from 1 March 2015). For and on behalf of the Company’s Board of Directors PJ Moleketi Non-Executive Chairman Malta 31 March 2015 The Company's primary listing is on the Euro MTF market of the Luxembourg Stock Exchange and its secondary listing is on the Johannesburg Stock Exchange. Financial adviser and sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Legal advisers M Partners S.à r.l. (Europe) Webber Wentzel (South Africa) Date: 31/03/2015 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.